Southernsun Asset Management LLC lessened its position in shares of MSA Safety Incorporporated (NYSE:MSA – Free Report) by 8.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 170,520 shares of the industrial products company’s stock after selling 15,147 shares during the period. MSA Safety Incorporporated makes up about 4.1% of Southernsun Asset Management LLC’s portfolio, making the stock its 12th largest holding. Southernsun Asset Management LLC’s holdings in MSA Safety Incorporporated were worth $27,957,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in MSA. Brown Brothers Harriman & Co. increased its stake in MSA Safety Incorporporated by 700.0% in the third quarter. Brown Brothers Harriman & Co. now owns 144 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 126 shares during the last quarter. Root Financial Partners LLC lifted its stake in MSA Safety Incorporporated by 109.3% during the first quarter. Root Financial Partners LLC now owns 157 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 82 shares during the last quarter. eCIO Inc. bought a new stake in MSA Safety Incorporporated during the fourth quarter worth $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of MSA Safety Incorporporated by 94.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 96 shares in the last quarter. Finally, Kelleher Financial Advisors acquired a new stake in shares of MSA Safety Incorporporated in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 92.51% of the company’s stock.
Insider Buying and Selling at MSA Safety Incorporporated
In related news, CFO Julie A. Beck acquired 448 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $158.69 per share, for a total transaction of $71,093.12. Following the completion of the acquisition, the chief financial officer directly owned 3,825 shares of the company’s stock, valued at approximately $606,989.25. This trade represents a 13.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on MSA Safety Incorporporated
MSA Safety Incorporporated Stock Performance
Shares of MSA Safety Incorporporated stock opened at $169.62 on Wednesday. The company’s 50 day moving average price is $167.32 and its two-hundred day moving average price is $174.68. The firm has a market capitalization of $6.55 billion, a P/E ratio of 22.92 and a beta of 0.95. MSA Safety Incorporporated has a fifty-two week low of $151.10 and a fifty-two week high of $208.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.17 and a quick ratio of 1.92.
MSA Safety Incorporporated (NYSE:MSA – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.14. MSA Safety Incorporporated had a net margin of 15.16% and a return on equity of 24.54%. The company had revenue of $463.63 million during the quarter, compared to the consensus estimate of $451.28 million. During the same period in the prior year, the business earned $1.68 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities analysts forecast that MSA Safety Incorporporated will post 8.86 earnings per share for the current fiscal year.
MSA Safety Incorporporated Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.3%. This is an increase from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, May 15th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is presently 29.19%.
About MSA Safety Incorporporated
MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.
Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.
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